The venture capital firm is allocating funds across key sectors: $600 million for American Dynamism, $1 billion for Apps, $600 million for Games, $1.25 billion for Infrastructure, and $3.75 billion for Growth.
In a blog post, co-founder Ben Horowitz celebrated this milestone, emphasizing the firm’s growth since 2009 and the importance of sector-specific expertise for founders.
General Partners Anjney Midha and Martin Casado highlighted their focus on AI infrastructure, with Midha announcing $1.25 billion for investments and Casado emphasizing infrastructure’s importance.
Additionally, General Partner Andrew Chen unveiled the a16z Games Fund Two, extending their 2022 fund to invest in game development stages. Startups in the SPEEDRUN accelerator will receive $750,000 each.
Chen also mentioned the team’s growth with talent from Blizzard, Twitch, and Riot, emphasizing the potential of technologies like generative AI in gaming.
The firm’s fundraising comes amid a growing interest in crypto investments. PitchBook data reveals a $2.5 billion investment in crypto startups in Q1 2024, a 32% increase from the previous quarter.
This surge is attributed to Bitcoin ETF approvals in January and rising interest in crypto-AI intersections. After hesitating during the last crypto bull market, VCs appear to be increasing their crypto investments in 2024, reflecting renewed market interest.
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